Creating GST/HST Remittances

GST/HST Remittance calculates the amount due for the GST/HST Return. The owner record indicates how the GST/HST is filed. Review the GST/HST Return report and send it to the owners. 

Owners that have Self selected for GST/HST Filing

• Payments will have an accounts payable entry made out to the owner so that they can remit the payment themselves

• Refunds will have a journal entry made to clear the GST/HST payable account as the owner will collect the refund themselves

Monthly, Quarterly and Annual filers 

• Payments will have an accounts payable entry made out to the Receiver General 

• Refunds will have the accounts receivable entry made for the Receiver General

1. From the Task page click on GST/HST Remittance

2. Enter the GST/HST filing date

3. Enter the posting date

4. Click create

5. Review and adjust the amounts if desired

6. Click Post GST Remittance to record the remittance and clear the GST/HST payable account